LOS ANGELES, CALIFORNIA, June 1, 2016 -Omni-Lite Industries Canada Inc. (the "Company" or "Omni-Lite") would like to announce that it has granted 95,000 incentive stock options to the directors and officers of the Company. The options were granted pursuant to the Company's Stock Option Plan, which received shareholder approval at the Annual General and Special Meeting held on January 15, 2016. The options were granted at the exercise price of $1.40 per share which was the closing price on today's date. The stock options will vest over a three years, expire after a five year period, and are subject to TSX Venture Exchange requirements.
The options were granted according to the table below:
Omni-Lite Industries Canada Inc. is
a rapidly growing high technology company that develops and manufactures mission
critical, precision components utilized by Fortune 500 companies including
Boeing, Airbus, Bombardier, Embraer, Ford, Borg Warner, Chrysler, the U.S.
Military, and Nike.
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